Analysts Anticipate Pandora Media Inc (P) Will Announce Quarterly Sales of $372.79 Million

Equities research analysts predict that Pandora Media Inc (NYSE:P) will announce sales of $372.79 million for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Pandora Media’s earnings. The highest sales estimate is $381.51 million and the lowest is $365.12 million. Pandora Media reported sales of $376.83 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Pandora Media will report full-year sales of $1.51 billion for the current financial year, with estimates ranging from $1.48 billion to $1.55 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.69 billion per share, with estimates ranging from $1.58 billion to $1.81 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Pandora Media.

Pandora Media (NYSE:P) last issued its quarterly earnings results on Thursday, May 3rd. The Internet radio service reported ($0.27) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.11. Pandora Media had a negative net margin of 37.21% and a negative return on equity of 198.06%. The company had revenue of $319.20 million for the quarter, compared to the consensus estimate of $304.43 million. During the same quarter in the prior year, the company earned ($0.24) EPS. Pandora Media’s quarterly revenue was up 1.0% on a year-over-year basis.



P has been the topic of several research reports. BMO Capital Markets upgraded shares of Pandora Media to an “outperform” rating and set a $9.00 price target on the stock in a report on Monday, May 7th. B. Riley cut their price target on shares of Pandora Media from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, February 22nd. Canaccord Genuity set a $8.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a report on Friday, May 4th. Zacks Investment Research upgraded shares of Pandora Media from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Finally, Macquarie reaffirmed a “hold” rating and set a $5.00 price objective on shares of Pandora Media in a research note on Sunday, February 25th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $7.62.

In other Pandora Media news, insider Kristen Robinson sold 43,411 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $7.44, for a total value of $322,977.84. Following the transaction, the insider now owns 742,416 shares in the company, valued at approximately $5,523,575.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stephen G. Bene sold 6,574 shares of the firm’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $7.40, for a total value of $48,647.60. Following the completion of the transaction, the general counsel now owns 604,241 shares in the company, valued at approximately $4,471,383.40. The disclosure for this sale can be found here. Insiders sold a total of 98,810 shares of company stock worth $731,164 in the last three months. 2.59% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Creative Planning purchased a new position in shares of Pandora Media during the 4th quarter worth $128,000. Gabelli Funds LLC raised its holdings in shares of Pandora Media by 185.5% during the 4th quarter. Gabelli Funds LLC now owns 1,091,181 shares of the Internet radio service’s stock worth $5,259,000 after acquiring an additional 709,000 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Pandora Media by 83.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,256,191 shares of the Internet radio service’s stock worth $6,055,000 after acquiring an additional 571,500 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Pandora Media by 317.1% during the 4th quarter. Teacher Retirement System of Texas now owns 83,059 shares of the Internet radio service’s stock worth $400,000 after acquiring an additional 63,147 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Pandora Media by 2.9% during the 4th quarter. California Public Employees Retirement System now owns 489,100 shares of the Internet radio service’s stock worth $2,357,000 after acquiring an additional 13,900 shares during the period.

Pandora Media traded down $0.08, hitting $7.97, during midday trading on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 10,204,015 shares, compared to its average volume of 7,700,095. Pandora Media has a fifty-two week low of $4.09 and a fifty-two week high of $9.98. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 6.15. The company has a market cap of $2.07 billion, a PE ratio of -6.43 and a beta of -0.57.

Pandora Media Company Profile

Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora?Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.

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Earnings History and Estimates for Pandora Media (NYSE:P)

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